mircea_popescu: artifexd imo the interior/exterior distinction is spurious. both work the same way really.
asciilifeform: artifexd: neat. these weren't available a decade ago.
artifexd: That's how you connect the barbs. Screw 'em in.
mircea_popescu: asciilifeform but if they're metal... you can thread it
asciilifeform: mircea_popescu: part of the problem is the abysmal, 'consumer' quality of the available thermoblocks (pumbed heat sinks that fit particular cpu, gpu, etc) - not one, afaik, to this day, comes with even threaded connectors
artifexd: The work in conduction with the barb. The barb provides interior pressure against the tube. The zip tie provides exterior pressure.
artifexd: I need to find a single video card that can drive all my monitors. Then I can get rid of the water cooling.
asciilifeform: artifexd: there's probably a golden mean here. a real 'saint' with a dynamometer wrench probably could've tightened the clamps exactly enough.
artifexd: Ever had problems with the compression connectors?
asciilifeform: artifexd: mine had hose clamps on all joints. theory - clamping deforms the barb, you leak anyway.
mircea_popescu: artifexd you know you could just glue it on the outside.
artifexd: asciilifeform: That's exactly what happened. One of the connections decided to call it quits. It's what I get for using barbs and not securing it.
asciilifeform: the photos i saw were of immersive oil cooling (think transformer booth)
asciilifeform: mircea_popescu: it's the friction joints (hose to barb) that end up slowly leaking.
asciilifeform: mircea_popescu: the 'correct' way to do it is to have an all-copper loop, soldered joints - like refrigerator. but, for some reason, no one does this.
artifexd: asciilifeform: Will a GFCI fire fast enough to save a power supply in the face of an internal short?
mircea_popescu: fluffypony lol the rat trap is falling apart is it ?
mod6: lol @ the system Z pics. thanks kako, a bit nostalgic now.
kyuupichan: At some stage he's gonna piss off enough people that they agree to ignore his block and continue to build on the prior one. That'd hurt.
fluffypony: "Not only does the Bitcoin Foundation suddenly make you seem reputable they will help you with this. They’ll post blogs about you joining, even sending out the “brass” to shill blogs such as CoinDesk to push you joining to others and making you seem further legit."
jurov: but then it stopped working at all
assbot: Server crash after restart while reorganizes the blockchain Issue #61 spesmilo/electrum-server GitHub
fluffypony: https://github.com/spesmilo/electrum-server/issues/61 - that happens all the time, but erasmospunk's fix has been ignored
benkay: i was recently made aware of a thing by the name of 'armoryd'
mircea_popescu: punkman shot the guy an email anyway.
mircea_popescu: there's no "deterring"
punkman: "The best bet is to try to convince people not to invest all their money in undiversified opaque get-rich-quick schemes and, come, on, this is America."
punkman: "You'll never deter Ponzi schemers; the psychology of Ponzi'ing -- either "I am an invincible genius" or "I've lost my investors money and have no choice but to Ponzi my way back into the black" -- sort of precludes deterrence."
punkman: "I like Institutional Investor's boldness in picking "five hedge fund managers who are likely to deliver market-beating returns over the next 25 years." Who even manages a hedge fund for 25 years? If you deliver market-beating returns for 22 years, come on, retire, you are already fantastically rich"
assbot: Cynk Makes the Case for Buying Friends, Naked Short Selling - Bloomberg View
punkman: http://www.bloombergview.com/articles/2014-07-11/cynk-makes-the-case-for-buying-friends-naked-short-selling
punkman: I wonder if this was always in their ToS: "Project Creators are required to fulfill all rewards of their successful fundraising campaigns or refund any Backer whose reward they do not or cannot fulfill."
punkman: it worked long enough for them to get big
mircea_popescu: that's he problem. an ok job is actually worse for them.
mircea_popescu: there's really no third way : either you moderate and are actually good at it, which so far is strictly mpex,
mircea_popescu: they actually did it to avoid legal responsibility.
punkman: apparently their algorithm always comes back with "hell yeah, let's fund this shit"
punkman: oh they really stopped moderating, it wasn't just my imagination: http://arstechnica.com/tech-policy/2014/06/kickstarter-projects-no-longer-need-human-vetting-prior-to-launch/
punkman: spent the afternoon making a big sand castle, found a thai restaurant that wasn't horrible, very rewarding
punkman: mircea_popescu: assbot: Kickstarter project spent $3.5M to finish a working prototypeand ended in disaster | Ars Technica << punkman to be fair, that's not really either important or making a lot of sense. << indeed, who cares how much money they waste. the product was very lulzy though
mircea_popescu: well did either make a profit ?
bitcoinpete: their deliverable is profit
bitcoinpete: not like they'd ever publish numbers
mircea_popescu: poor people are still poor. what's the deliverable exactly ?
bitcoinpete: probably along the lines of "dozens served"
mircea_popescu: "For most older Americans, calling yourself a liberal means you want to increase the size, scope, and spending of the government"
mircea_popescu: what'd the chicks deliver ?
bitcoinpete: "Humbling to see women in #fintech like @37coins & @BitPesa delivering on the promise of #bitcoin to empower the unbanked. #CoinSummit"
assbot: The 20 Most Sizzling Rich White Guy Fashion Moments From Sun Valley
bitcoinpete: http://www.buzzfeed.com/jessicamisener/the-20-most-sizzling-rich-white-guy-fashion-moments-from-sun << doze sv boyz
mircea_popescu: absent that, there's no view.
mircea_popescu: to have a view eyes are not enough to see, nor mouth enough to speak, nor even some ganglion to somehow connect these two. in order to have a view one must have the ability to evoke that view in another, preferably another who does not care.
mircea_popescu: i have no idea why that thing's not more famous, it has just the right combo of freaky, cultured and humour to be another barbarella.
assbot: Auctions America - The Littlefield Collection
bitcoinpete: pretty sure idi amin had one of these too
assbot: The great proletarian Pullman - Bonhams to auction Mao minister's Mercedes | Classic Driver Magazine
bitcoinpete: they're all over our fiat
assbot: WHAT THE ACTUAL FUCK, CANADA? - Imgur
assbot: imgur: the simple image sharer
gribble: soupeur - Wiktionary: <http://en.wiktionary.org/wiki/soupeur>; Lojeanz didier - YouTube: <http://www.youtube.com/channel/UCRFlLIM4SVfXQjlqAYV_rGw>; Monosodium glutamate - Wikipedia, the free encyclopedia: <http://en.wikipedia.org/wiki/Monosodium_glutamate>
kakobrekla: do they have spoons?
mircea_popescu: you know they'll make you dine as a citizenship test ?
davout: the reason we don't shower is that we naturally smell awesome
mircea_popescu: let their gut run and watch.
mircea_popescu: great. punkman is like the resident social caseworker.
mircea_popescu: cause that's what i got on the first pass.
jborkl: oh wait they cant
jborkl: so how exactly do they propose to enforce this?
davout: i think they are fucking terrified
davout: no, because i read between the lines of that thing
mircea_popescu: i wonder what's next, we decide to confiscate all bitcoin owned by anyone involved with the french government ?
mircea_popescu: lol so the frenchies want to a) make bitcoin tx illegal among anon parties and b) make max tx 3k euro.
assbot: imgur: the simple image sharer
asciilifeform: mircea_popescu can apparently reprocess anything into a useful feedstock. like the chicago stockyards famously used 'even the squeal of the pig.'
dub: I liked that park auctioning app from the valley
jborkl: people fell all over themselves to "invest" in this
asciilifeform: 'uber' is just another in a long line of chumpatrons which work by persuading some chumps to make idiotic business decision, and packaging/selling the result to other chumps
dub: taxi's are safer called, mopst of the flaggable ones are driven by rapists
bitcoinpete: jborkl: was like $1mn then
asciilifeform: incidentally, i recently read a hilarious book by a russian who drove a taxi in new york in the '70-'80s. 'желтые короли' ('yellow kings.' in english translation - which apparently exists - 'taxi from hell')
jborkl: If you were so inclined, to further drive mirceas point. It was very easy to raise 50K bitcoins two years ago
mircea_popescu: generally, the driver just brings it back.
bitcoinpete: http://reason.com/blog/2014/07/10/senate-judiciary-committee-backs-constit << on the us as "a country"
mircea_popescu: "being arrested and dropping ten btc to the usg"
bitcoinpete: mircea_popescu: so what do some of the scenarios of pirate shenanigans look like?
mircea_popescu: if there ever was a good signal to gtfo out of us stocks... i dunno what else it could be,.
mircea_popescu: "So here is the objective of this post. It is not my aim to specifically convince anyone that Uber is worth any specific valuation. What Professor Damodaran thinks, or what anyone who is not a buyer or seller of stocks thinks, is fairly immaterial."
mircea_popescu: i do not care what happens in the fiat world.
asciilifeform: wouldn't the increased fiat pull of btc today compensate? e.g. for 30k btc one can build an actual skyscraper - which proceeds to fall...
mircea_popescu: nobody getting in today gets even 100k together, let alone 3mn, to keep proportions.
mircea_popescu: asciilifeform the problem was 1mn btc sloshing together at a time the total circulating btc was like 5mn
mircea_popescu: why put a pike on display just to stab yourself on the eye with ? just don't mention statistics at all, and merely go on derping nudely, "i want uber to be worth moar"
asciilifeform: or is there reason to think that we've reached a 'ground state' where all of the money has left the 'fool pockets'
mircea_popescu: "Young math students are warned about the critical difference between precision and accuracy. Financial models, especially valuation models, are interesting in that they can be particularly precise. A discounted cash flow model can lead to a result with two numbers right of the decimal for price-per-share. But what is the true accuracy of most of these financial models?"
asciilifeform: nobodies who got in in 2013... meagre disposable income already made it impossible for them to matter << not so simple. chumpatronic engineers, malware artists, etc. who got in 2013 (or even today) can still accumulate enough to build plenty of falling skyscrapers
mircea_popescu: so a lot of the heartache of discovering one is poor because one is stupid, not because one never "had a chance" is spared them.
mircea_popescu: "people", ie, nobodies who got in in 2013 got in at a time their meagre disposable income already made it impossible for them to matter.
bitcoinpete: so they suck versus more humble, even later, entrants
mircea_popescu: by the time you're that defeated you really have no incentive left to admit you're stupid.
mircea_popescu: they're still around, mostly, still derping, mostly
mircea_popescu: well no. most of them went on to "invest" in glbse, be "offended" by mpoe-pr, then "invest" in whatever,
mircea_popescu: there's no coming back.
bitcoinpete: so another 5 years pass and she humbly comes to her senses, following the girls who make the right decision 7 years priot
mircea_popescu: no, more like we tell that Columbia girl that the best future for her is on her two knees and with a welted butt in our household
mircea_popescu: eminently uninsurable, and the confusion between the two things pretty much the #1 killed of insurance businesses.
mircea_popescu: the risk that your boss may not let you make the prototype however, for whatever ideological reason, is the other type.
mircea_popescu: the risk that your prototype may not work, for whatever real reason, is one type, and eminently insurable.
mircea_popescu: bitcoinpete problem is there's two kinds of risk.
mircea_popescu: and an appalling fraction of the over 30 crowd to boot
bitcoinpete: this appears to be one of those cases where the cost of uncertainty greatly exceeds the potential benefits of the construction
asciilifeform: or, one could say, the cost of a maniac spinning round and round with machine gun is not merely the wasted lead.
mircea_popescu: that's why you don't let derps build unstable skyscrapers. not because the thing WILL fall, but because the thing MIGHT fall
bitcoinpete: right. so the energy expending in making the infrastructure robust enough to deal with pirate's hits are severely costly
mircea_popescu: but the cost of everyone on the street insuring against being fallen on ? 1mn over 10 years.
mircea_popescu: bitcoinpete consider the case of a street where some idiot builds an unstable skyscraper.
asciilifeform: mircea_popescu: very pessimistic, but probably true. the inevitable conclusion is 'biodiesel.'
mircea_popescu: no such thing in the us. that's why.
bitcoinpete: mircea_popescu: other than just having a mountain of coins and the ability to dispense of them erratically, how does pirate impact you?
mircea_popescu: <asciilifeform> from a different angle: why no cheap factorygurlz in usa? because the 'candidates' are instead paid to sit and wank << false. the cheap factorygirlz in china come from families which have cared enough about them to invested beatings and other very valuable time.
mircea_popescu: generally, the sooner agents are brought to their knees the less blood gets spilled.
mircea_popescu: if there were no pirate and no silkroad whatshisname, the usg wouldn't be tempted today by the very dangerous heresy that "maybe it can make it on its own"
asciilifeform: mircea_popescu: aha i recall, you described this lemma in the 'tin woman' essay
mircea_popescu: which is the more pernicious iyo ?
mircea_popescu: vs the 50 idiots who bought pizzas and lost wallets and whatnot.
mircea_popescu: consider group 1 of 50 idiots who "invested" with pirate, thus creating for me the problem of there existing a pirate, something im still dealing with.
mircea_popescu: whereas group 2 just spends it, therefore merely wasting resources.
benkay: i'm living through a fog of back pain today so forgive the retardation
mircea_popescu: benkay because group 1 was "investing it" therefore wrecking capital allocation
asciilifeform: from a different angle: why no cheap factorygurlz in usa? because the 'candidates' are instead paid to sit and wank
benkay: <asciilifeform> it isn't wasted 'correctly' though. it ends up feeding folks who ought to have gone hungry // <mircea_popescu> asciilifeform that's the minor part of the binomial. the major part is that it is removed from folks who shouldn't have had it. // wait how is taking the money from people who shouldn't have it and giving it to others who shouldn't have had it either not subtracting a from x and then adding a back to x?
mircea_popescu: but the reason these derps are on kickstarter and bitcointalk instead of whatever mine isn't that they had enough money and bought their way out.
asciilifeform: who will replace the uranium that wasn't mined?
mircea_popescu: you're looking at it up the river.
mircea_popescu: as long as the scammers actualy waste it, rather than keep it, this is financial sterilisation.
asciilifeform: the people who did that kickstart, for instance, are separated from their true motherland - the uranium mines - for so long as the money lasts them.
mircea_popescu: asciilifeform that's the minor part of the binomial. the major part is that it is removed from folks who shouldn't have had it.
mircea_popescu: which is kinda why the headlines read like they did, a few years ago. "x bank writes off y bilions"
mircea_popescu: the most important economic activity in a runaway inflation macroeconomy is the writing off of bad debts.
mircea_popescu: in that it deflates the bubbles.
mircea_popescu: of course, actually wasting money is a net positive for the us system.
mircea_popescu: we're in postmodernism here, and so therefore postsanity.
mircea_popescu: asciilifeform sane people also aren't on kickstarter, nor do they think everyone's their peer, nor do they think they have something to "contribute" in random fields that never heard of them.
mircea_popescu: the problem with kickstarter and the shit trying to copy it isn't that it wastes a lot of money, but that it wastes it pointlessly.
mircea_popescu: assbot: Kickstarter project spent $3.5M to finish a working prototypeand ended in disaster | Ars Technica << punkman to be fair, that's not really either important or making a lot of sense. sometimes prototypes fail, which is why they're called prototypes. i don't think you can find any item which didn't have millions "wasted" in prototyping
fluffypony: let's use the whole phrase
fluffypony: "Shut up there or i will fuck you in hole between buttocks."
mircea_popescu: is this a re-do of the s.limbs ?
mircea_popescu: "I will rape you fucking partridge. I am more legit then you. I am sure that your account is hacked and you are not the one you are trying to show. Shut up there or i will fuck you in hole"
gribble: You are now authenticated for user benkay with key 2AFA1A9FD2D031DA
mircea_popescu: "My contribution in the innovative structures last years filled out 88% of my time."
mircea_popescu: well... the demo is high.
mircea_popescu: the consumer end is cursed to be forever consumer facing.
mircea_popescu: it won't soon end. next move is rap derps going on about their bitcoin creed
mircea_popescu: "I am Mr Ricardo, one of the first bitcoin miners early in 2009, prosperous engineer, social policymaker and developer of different marketplaces everywhere in the network."
bitcoinpete: well there ya go, i should know better than to chime in on armoury's guiness
bitcoinpete: mircea_popescu: exactly for the reason and through the mechanisms any good investment is its own limiting factor. << this is a thought
bitcoinpete: mircea_popescu: if you want the babes to be REALLY impressed with your car, then it would be a pretty sweet thing. << like london. can't park your zonda anywhere
bitcoinpete: TheNewDeal: on a similar note, I just used Lyft for the first time last week, and it worked out without a kidnapping << that's what they want you to think
bitcoinpete: decimation: failures in silly-con valley, failures in DC government, failures in DC infrastructure << failureville, usa. it's like the new springfield
bitcoinpete: mircea_popescu: kako is a graybeard despite his tender years << nao i want to dox the guy, find out how tender...
penguirker: New blog post: http://www.thedrinkingrecord.com/2014/07/11/a-friendly-reminder-on-shorting/
jurov: maybe i'll place sponsored link on reddit "Short All The Bitcoin Scams"
mike_c: BingoBoingo: lol. people like spielberg are the reason dinosaurs are EXTINCT now.
mike_c: the bet is logged at 16:26 today, i assume that is GMT? Lebron tweeted a link to the sports illustrated article at 16:31, I assume it had been published more than 5 minutes earlier.
mike_c: it was 2.9 : 1 before that last scammer bet. the underdog won again
mike_c: it has held up because the exchange rate has been so stable. the guy doesn't seem like a scammer, or even incompetent. it would be a good investment if bitcoin didn't exist.
gribble: the20year was last seen in #bitcoin-assets 10 weeks, 2 days, 0 hours, 39 minutes, and 42 seconds ago: <the20year> Corn oil sells locally for $3.25/gal
mircea_popescu: ;;seen the20year
mircea_popescu: what was the guy's name ?
atcbot: [CoinMiner Hashrate]: 0.03 TH/s [PityThePool Hashrate]: 4754.24 GH/s
fluffypony: D) All of the above
gribble: You are now authenticated for user jurov with key 677ABD62D0AEE7D7
davout: i really have nothing against going the fuck out of france :)
davout: except they kinda say "we'll see later about that"
Apocalyptic: davout, it is, the thing is it's not really enforceable
pankkake: I hope the guy gets hecklers
Apocalyptic: k, i'm out of the loop
pankkake: yes, read the logs!
BingoBoingo: Sleepwriting is the best
ThickAsThieves: <+mircea_popescu> tbh i don't get that bitcoinnews article. wtf is it supposed to be ? /// me either, it reads like it was sleepwritten
pankkake: and he will never pay that bounty either
assbot: General security and klee theft situation
fluffypony: danielpbarron: is this the thing that happened a little while ago where some dude's account got hacked whilst he was on a plane and asked for money to trade?
gribble: The operation succeeded.
punkman: you wouldn't believe the amount of spam Uber and Lyft are spreading, trying to recruit new drivers
punkman: lol "The Game Changer: Uber as a Car-Ownership Alternative"
assbot: How to Miss By a Mile: An Alternative Look at Ubers Potential Market Size | Above the Crowd | By Bill Gurley
punkman: re: Lyft/Uber http://abovethecrowd.com/2014/07/11/how-to-miss-by-a-mile-an-alternative-look-at-ubers-potential-market-size/
xmj: 10:30:15 <+thestringpuller> it's late as fuck go to bed
xmj: the joys of having your own setup.
gribble: The operation succeeded.
BingoBoingo: It's like the tale of two cam girls
mircea_popescu: it's the 80s all over again.
cazalla: her face is all over mfc, nfi what the big deal here was
TheNewDeal: they're getting flooded I hear. (sorry for hitting enter a few times)
TheNewDeal: the
TheNewDeal: they
mircea_popescu: exactly for the reason and through the mechanisms any good investment is its own limiting factor.
TheNewDeal: bingoboingo that video was awesome. Live in the MN, but haven't been back much during the past few weeks
mircea_popescu: people pretend to ignore the fact that human life, like all life, is an exercise in exploring the possibilities. as you increase the population you necessarily lower the averages.
BingoBoingo: TheNewDeal: Ah, here in the Middle West we've been enjoying one of those Polar Vortex things https://www.youtube.com/watch?v=VnjfYrE7xYQ
mircea_popescu: once the population is 50 and per capita avg attention available dropped to .95, you're short already
mircea_popescu: so if population is 5 and per capita avg attention ready to be paid 2.1, then you have 2.1x as much attention as needed.
mircea_popescu: think about it... every new human has the same basic needs, but as you keep adding them to the long end of stupidity they don't actually add a full measure of attention.
decimation: the world's population has never been larger, yet human attention is precious
decimation: at any rate, I bring it up mainly because I suspect that less than 1% of the democratic police even realize that this is how things were done before the radio told them what to do
mircea_popescu: if you want everyone to be able to pretend they're cool, it'd be horrible.
mircea_popescu: if you want the babes to be REALLY impressed with your car, then it would be a pretty sweet thing.
decimation: Many us cities would be better off without cars in the urban core
decimation: http://www.thegreenwichphantom.co.uk/wp-content/uploads/2011/04/police-rattle.jpg << said rattle
assbot: A Digest of the Public General Statutes from Magna Charta - Robert P. Tyrwhitt, Thomas William Tyndale - Google Books
decimation: or for suppressing some disorder of which he is eye or ear witness on some adjoining stand, &c. in absence of the persons keeping watch, &c. therein, nor then longer than necessary, s. 19."
decimation: "29. Where persons so keeping watch or ward, shall want assistance therein, any other persons on like duty, having knowledge thereof, by the rattle,signal, outcry, or otherwise, shall repair to, and assist by all means in their power; but no person, during his time of duty, shall absent himself from his particular stand or walk, without consent either of the constable or special constable of the night, unless on the above occasion;
BingoBoingo: Then again... Maybe August gets really hot?
TheNewDeal: which is why I have not bet on the negative